AfricInvest Private Equity Fund III has invested in International Community School (ICS), a private K-12 school in Ghana. 

Ismail Talbi, Partner, AfricInvest, said: “AfricInvest is proud to be part of International Community School’s family and excited about the opportunity to work with such visionary entrepreneurs.” 

AfricInvest’s investment will contribute to reinforcing ICS’s leading positioning in Ghana and West Africa. It will help the school to upgrade its facilities according to world-class standards, secure international accreditations, build a new campus in Accra and grow its student numbers while continuing the focus on the academic excellence and affordability of the school,” he added.

ICS is one of the leading private K-12 schools in Ghana, an independent co-educational institution founded in 2000 by Dr. Charles Yeboah and his wife, Mrs. Matilda Yeboah. 

Operating three campuses with over 1,200 students in the cities of Kumasi and Accra, ICS adopts the British system of education and prides itself in producing outstanding performance. 

It aims for its students to be well-rounded, fostering tolerance and understanding while promoting a diversified program of extra-curricular activities to ensure development of the whole child. 

Through its investment, AfricInvest aims to support the growth of ICS by upgrading its facilities and funding its other expansion plans to re-enforce the success of the school in both its Kumasi and Accra locations. 

ICS expects to draw from AfricInvest’s accumulated experience and knowledge in the education sector to become a leading K- 12 international institution in Ghana and West Africa. 

Commenting on the investment, Dr. Charles Yeboah, CEO of ICS, said: “We are very excited to partner with such a reputable firm as Africinvest to realize our growth plan.” 

“ICS has an ambitious goal of becoming a leading international school in West Africa, with an extended footprint in Ghana and beyond. We needed a great partner like Africinvest to assist in reaching that end,” he added. 

AfricInvest was founded in 1994 and is today among the leading private equity firms in North and Sub-Saharan Africa with more than $1bn of assets under management across 16 PE funds and sponsored by prestigious DFIs, private and institutional investors.